According to Joe Biden, a bipartisan infrastructure deal has been crafted. Biden officially made the announcement on Thursday following weeks of discussions by lawmakers on both sides of the aisle.
The framework for the agreement calls on $579 billion in new spending, totaling $974 billion over five years and $1.2 trillion if it continues over eight years. Biden said he gave lawmakers his word to stick with their proposal and they’ve given him their word in return.
“We’ve all agreed that none of us got what…all of what we wanted. I clearly didn’t get all I wanted. They gave more than, I think, maybe they were inclined to give in the first place,” Biden said. “But, this reminds me of the days we used to get an awful lot done up in the United States Congress. We actually worked with one another; we had a bipartisan deal. Bipartisan deals mean compromise.”
However, just a short time later, Biden said he would not sign the bipartisan bill unless he gets a reconciliation bill with the rest of his agenda items. This comes as House Speaker Nancy Pelosi (D-Calif.) warned the agreed-upon bill must be paired with the Democrat’s larger agenda, saying there won’t be a bipartisan bill without a larger Democrat-led reconciliation bill.